Can we possibly benefit from this economic recession? Absolutely! Because of the recession, we are rethinking how we spend our money and time…..Why not go camping for your family vacation rather spend $1,000 on a resort? Gather your towels and cooler and head to beach for the day. Let the kids pick some movies to [...]
Looking back, can we blame Henry Paulson for the lousy economy? Was Bear Stearns allowed to collapse while the Federal Reserve devised a contract with a private bank to take control of Bear Stearns former assets? And what are his Goldman Sachs connections…Apparently, if AIG had gone bankrupt, Goldman Sachs would have lost around $20 [...]
Who’s to blame for this lousy economy? We can blame the housing market bubble which popped, or the banking & mortgage industries, or maybe the rising health care costs and skyrocketing insurance premiums which affect auto-makers, doctors’ private sectors, small & medium-size businesses. There’s also the ever-rising prices of food and utilities to blame. All the above is causing escalating [...]